Northrop Grumman Corp. (NOC) Raises Quarterly Dividend 10.9% to $0.61; 3.1% Yield

May 15, 2013 7:07 AM EDT
Northrop Grumman Corp. (NYSE: NOC) declared a quarterly dividend of $0.61 per share, or $2.44 annualized. This is a 10.9% increase from the prior dividend of $0.55.

The dividend will be payable on June 12, 2013, to stockholders of record on May 28, 2013, with an ex-dividend date of May 23, 2013.

The annual yield on the dividend is 3.1 percent.

"Today's double-digit dividend increase demonstrates our continued commitment to a balanced cash deployment strategy that includes a competitive dividend," said Wes Bush, chairman, chief executive officer and president.

For a dividend history and other dividend-related data on Northrop Grumman Corp. (NOC) click here.

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